Bitcoin posted its lowest weekly close since the second half of 2024 last week, falling more than 8% over seven days as broader crypto markets retreated. On June 9, 2026, with BTC trading below $62,000, Binance founder Changpeng Zhao wrote on X that Bitcoin won't be "dead" for long, as traders watched repeated rebounds near $60,000 and resistance around $65,000–$66,200.

Ethics provisions tied to the crypto market structure bill known as the CLARITY Act have hit a "rocky" phase as Senate lawmakers debate how the rules should be enforced. Separately, over 60 crypto firms on June 9 urged the Senate to protect developers' rights, while industry voices argued that regulatory uncertainty can be more expensive than regulation itself.

A 25 BTC Casascius physical bitcoin tied to an address first funded on Nov. 1, 2011 was redeemed at block 953,022, extending a series of movements connected to the Noah Doe v. John Does 1–39,069 case. The spend traces back to a dormant wallet listed in the New York Supreme Court filing, keeping attention on older bitcoin holdings referenced in the litigation.

On June 9, Coinbase tax VP Lawrence Zlatkin told the House Ways and Means Committee that Americans should not have to calculate capital gains each time they spend a stablecoin or pay a blockchain transaction fee. He said dollar-pegged, federally regulated stablecoins should be treated at par for tax purposes and supported exempting gas-fee reporting up to $10. Coinbase also urged a broader de minimis rule for small purchases using Bitcoin (BTC) and other non-stablecoin crypto.

Bitcoin is hovering near its lowest levels since late 2024, and analyst Rekt Capital argues the market may still be in a bottoming process that could take additional months. He compares the current drawdown and time-in-correction with prior cycles, pointing to a ~240-day pullback so far and the possibility of another leg down of up to 20% before a final low forms.

Traders on Polymarket and Kalshi have put more than $2 billion into 2026 FIFA World Cup winner contracts, with Spain and France listed as the top contenders. As of 3:30 p.m. EDT on June 10, 2026, Spain was priced at 16.5% on Polymarket and 17.4% on Kalshi, while France hovered near 16.1%. Opening-match markets also show Mexico as the largest single-game favorite at 70% with $1.86 million in volume.

Botanix said it will close its Bitcoin layer-2 network, arguing that current market demand for Bitcoin-native DeFi is not large enough to support a standalone ecosystem. Users are asked to withdraw Bitcoin and other assets before July 9, 2026, when the federation plans to sweep remaining funds. The team said the tech performed as designed, but user preference leaned toward wrapped Bitcoin and larger, cheaper ecosystems.

Stellar's XLM jumped 102% from $0.147 to $0.297 in the final week of May, then slid 37.8% to below $0.20 as the move retraced. Over the past 24 hours, XLM fell 6.38% while open interest dropped 9.2%, alongside a rise in daily trading volume. Key levels highlighted include the $0.183 range high being retested as support and the 78.6% retracement near $0.173.